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Bitcoinshort

Building resistance in 58K level, possible SHORT lays aheadHi fellow traders, Bitcoin DERIBIT:BTCUSD.P is declining a bit and making a nice downwards structure on the 1H frame. What we can see is building resistance on the 58K level. We can see that the short-term foresight shows a possible resistance in the form of a trend-line rejection. Additionally, a possible rejection from the exponential moving average (50 period) lies in the same area of interest. That building tension gives us a SHORT possibility whenever rejection is confirmed on a lower timeframe, looking forward to that sweet price-action :) Happy Trading ^^
Short
by Crypto21Official
Friday Market Update - $IBIT, $BTC, $DXY and $SOL ForecastHere's a quick update to the video I posted last week showing a final unfilled Gap on the 4-Hour NASDAQ:IBIT likely pushing price down (We're NOT sure yet how this is correlated, other than the BIG money is playing with Options / Futures and now the NASDAQ:IBIT , which makes Bitcoin a Wall Street product now essentially. My targets on Bitcoin now are $57k and I'm thinking we may even see a 'news driven' selloff to the $50k - GETTEX:52K range into our buy blocks as shown here. "Show me the charts, I'll tell you the news" is one of my mantras, and with everyone thinking we go higher here, I'm thinking we have one more shakeout to wipe out some longs. Last week a well-known short posted that he 'gave in and the Bulls Win' showing his $2.5M loss. Think the games are over? I think not. So I'm mostly out of the market, holding some SOL and planning to DCA buy lower at levens I mention in the video. I also dicuss the DXY bounce, Total Market Cap, and why this weekly candle close is important. Apologies -- the recording stopped when I tried to update one of my alerts, and I have a Labor Day party to finish planning so no time to-record it. Have a great weekend everyone, and let's see what Tuesday brings when the big Wall Street traders get back from summer vacation and start putting wall-street money to work.
INDEX:BTCUSDShort
by BrettFogle
Breakout or breakdown? I'm SHORT here is whyHi fellow traders, In this idea I have drawn daily supply and demand zones, although the zones of interest exist out of large ranges I think the combination of approaching both a long- and short-term supply zone and a forming rising wedge we are looking at a rejection from the 1h supply zone level. I will wait on the lower timeframe to confirm the rejection, ideally have a bounce of the bottom of the rising wedge acting as resistance. What do you think? Are we going to breakdown or breakout? Happy trading ^^
Short
by Crypto21Official
BTC/USD: Critical Breakdown and Bearish OutloookThe COINBASE:BTCUSD daily chart continues displaying a significant bearish sentiment. Key Technical Points: Support Levels: 1. Target 1: The price has reached the first target around $48,000. 2. Target 2: If the bearish momentum continues, the next support is around $36,000. Support Levels: - Immediate Resistance: Previous support at $52,000 is now acting as support. Moving Averages: - 200 EMA: The price has broken below the 200 EMA, a bearish signal indicating potential further declines. Bull Flag Potential: - Descending Channel failed: The price is within a descending channel, typically a continuation pattern. A breakout above the channel could signal a reversal to the upside, but currently, the trend remains bearish. Outlook: - Bearish Continuation: The break below the 200 EMA and reaching Target 1 support around $48,000 indicates a bearish continuation. The next potential target is $36,000, where significant support lies. Conclusion: BTC is currently bearish, breaking below crucial support levels and the 200 EMA. Watch for any signs of a breakout from the descending channel for a potential reversal, but the immediate outlook remains bearish with the next target at $36,000.
COINBASE:BTCUSDShort
by CryptoFallen
Pay close attention to btcWith the fed meeting saying that rates will remain unchanged i think this is bullish for the DXY and it goes opposite with btc too, considering that and the fact that we got rejected on 70k with a hard rejection, furthermore we might need to consider additional things. Geo politics can have a great impact on BTC as we have seen how it dipped when iran responded previously. Now that the prominent hamas head has been killed in iranian soil, iran is bound to strike back as revenge and this time it will be far worse. my advice is to sell your holdings and buy the dip for a better position onwards. Good luck!!
BINANCE:BTCUSDShort
by Ahmed112
4
Bitcoin Analysis Saturday, July 6, 20241. Current Situation Bitcoin is experiencing a significant downturn, reaching levels not seen since February. The primary concern is how much further it can drop, with potential for a short-term bounce. 4. Current Price Action and Short-term Projections - Bitcoin has already seen a 25% move to the downside from its recent high. - Short-term projections suggest Bitcoin could drop further, with the downside target between $45,000 and $47,000. 6. Potential Scenarios - **Best-case Scenario**: Bitcoin finds support around $45,000 to $47,000. - **Worst-case Scenario**: Bitcoin drops below $40,000, potentially to $39,000. 7. Time Frame Analysis - Average time to find the next major low based on historical data is 36 days from the last high. - Currently, Bitcoin is around day 30 of this cycle, suggesting more downside movement is likely. 8. Short-term Bounce Potential - Bitcoin is resting on the 55 exponential moving average on the five-day timeframe, hinting at a possible short-term relief rally. - Short-term bounce targets could be around $55,000 to $56,000, but likely short-lived. 10. Conclusion and Recommendations - The overall trend is still to the downside. - Short-term bounces are possible but should not be mistaken for a trend reversal. - Long-term investors should be cautious and consider potential further drops. 12. Market Sentiment - Generally bearish, with technical indicators pointing to further downside. 19. Support and Resistance Levels - **Support**: Around $45,000 to $47,000. - **Resistance**: Around $56,000. Final Thoughts The Analysis emphasizes caution for Bitcoin holders, highlighting the potential for further downside despite short-term bounce possibilities. Long-term support levels around $45,000 to $47,000 are crucial, with a worst-case scenario possibly seeing Bitcoin below $40,000. Investors are advised to stay vigilant and consider the broader bearish sentiment.
BITSTAMP:BTCUSDShort
by alcoholic-semen-thrower
The Trump Trade - Inverted BTC#mythoughts As the 2024 U.S. presidential election approaches, former President Donald Trump's staunch support for Bitcoin (BTC) and the broader cryptocurrency ecosystem is shaking up the political and financial landscapes. Trump's pro-crypto stance, which marks a stark contrast to his previous skepticism, is expected to have a significant impact on the prices of BTC and other digital assets in the coming months. Trump's recent speech at the Bitcoin Conference in Nashville outlined his ambitious plans to make the U.S. the "Bitcoin superpower of the world" and the "crypto capital" of the globe. His pledges, if implemented, could significantly reshape the regulatory environment for the crypto industry. Key elements of Trump's crypto agenda include: 1. Firing SEC Chairman Gary Gensler on his first day in office, signaling a more industry-friendly approach to regulation 2. Forming a crypto advisory council to provide expert guidance on crafting crypto-friendly policies 3. Holding a strategic national stockpile of Bitcoin, with the U.S. government currently owning over 200,000 BTC 4. Commuting the sentence of Ross Ulbricht, the creator of the Silk Road marketplace, who is serving a life sentence for his involvement with the platform Trump's embrace of crypto is expected to attract a significant number of BTC holders and miners to his campaign, both in terms of political support and financial contributions. As a result, many analysts predict that BTC prices could experience a significant rally in the coming months, potentially reaching new all-time highs. However, some market participants are positioning themselves for a potential correction in BTC prices leading up to the election. The recent launch of Asia's first inverse Bitcoin ETF by CSOP Asset Management in Hong Kong suggests that some investors are betting on a potential decline in BTC prices . The inverse BTC ETF, which allows investors to profit from a decrease in BTC prices, could be a hedge against the potential volatility in the crypto markets as the election approaches. The launch of this product in Hong Kong, a major financial hub, underscores the global interest in the U.S. election and its potential impact on the crypto space. It's important to note that the "Trump Trade" is not limited to BTC alone. Trump's pro-crypto stance is expected to have a ripple effect on the entire cryptocurrency market, potentially boosting the prices of other major digital assets like Ethereum (ETH). The recent debut of the first spot Ether ETF in the U.S., which saw over $107 million in trading volume on its first day, highlights the growing institutional interest in the crypto space . In conclusion, as the 2024 U.S. presidential election approaches, the "Trump Trade" is set to reshape the crypto landscape. Trump's support for Bitcoin and the broader crypto ecosystem is expected to attract significant investment and attention to the space, potentially driving BTC and other digital asset prices to new heights. However, some market participants are positioning themselves for a potential correction, as evidenced by the launch of the inverse BTC ETF in Hong Kong. Regardless of the outcome, the 2024 election is poised to be a pivotal moment for the crypto industry, with lasting implications for the future of digital assets in the U.S. and beyond. Citations: coingeek.com www.bloomberg.com www.finews.asia www.bloomberg.com cointelegraph.com
Short
by Carpi
2
Bitcoin Daily Timeframe - Daily UpdatesBitcoin is currently trading at transition prices. I am sharing a chart that highlights key price levels and potential scenarios for both short and long positions. I will provide daily updates on BTCUSD. Key Price Levels: Using the Fibonacci series: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, we derive the following levels: 0.5*(55+89)=72 72−55=17 0.5*17=8.5 Thus, the key levels are: 55K, 63.5K, 72K, 80.5K, and 89K. Long Scenario: The current price is 68.2K. According to the downtrend line, the main resistance is at 72K. If Bitcoin penetrates this level, it opens the path to the first target of 80.5K and the second target of 89K, which is the upper side of the uptrend channel on the weekly timeframe. Short Scenario: If Bitcoin fails to penetrate the 72K level, it will likely retest the support at 63.5K. I will provide updates as the situation evolves.
CRYPTO:BTCUSDLong
by Eymen-GUVEN
BTC Breakdown After Failed 5th Attempt at New ATHWe've been watching the upper trendline for weeks and saying that since breakouts usually happen on the 3rd or 5th attempts... That a failure (which we just had) to break above the upper trendline shown here or to ATH on this attempt, would likely lead to a deeper correction which we're starting to see. Plus our custom indicators have all rolled over to Red. Currently it's looking like $62k is next support block of buyers. Some are speculating that was the top, and whale sellers are front-running a recession. But comparing this year's chart looks a lot like prior Bitcoin bull-runs, just before the parabolic rise happens. Specifically like 2016, when there was months of stagnation near the old high.. Just before the big explosion in price. What do you think??
COINBASE:BTCUSDShort
by BrettFogle
1
BTCUSDT Forms Bearish Head and Shoulders: 5% Downside Target in Bitcoin (BTCUSDT) is showing a classic bearish head and shoulders pattern, signaling a potential trend reversal. This technical formation, considered one of the most reliable trend reversal indicators, suggests that the current bullish trend may be nearing its end. The pattern consists of three peaks, with the middle peak (the head) being the highest, flanked by two lower peaks (the shoulders). As the price breaks below the neckline, it confirms the pattern and indicates a likely downward movement. Key points to consider: Pattern confirmation: Watch for a decisive break below the neckline. Entry point: Consider entering a short position upon neckline breakout. Stop loss: Place a stop loss just above the right shoulder for risk management. Profit target: Aim for a 5% downside move from the breakout point. Traders should exercise caution and use proper risk management techniques, as no pattern is guaranteed to work every time. Always conduct thorough analysis and consider multiple factors before making trading decisions. #Bitcoin #BTCUSDT #CryptoTrading #HeadAndShoulders #TechnicalAnalysis #BearishPattern #CryptoMarket #TradingStrategy #CryptoTrends #RiskManagement
BINANCE:BTCUSDShort
by XTradeSetup
47k Coming for Bitcoin?$Bitcoin #CME 1D chart; The gap formed by the opening last week has not yet been filled. I think the rise will not start before this place is filled. The Bat Harmonic structure, which is also formed in the current structure, points us to $ 47k levels. It is difficult to say anything clear if it will come true. However, we should not forget that this possibility also exists. Bitcoin had received an upward reaction with the support it received with its last visit to the IMB level. However, as can be seen, it has not yet made any contact with the IMB zone at $ 47k levels. It doesn't always touch these areas, of course, but why not:)
CME:BTC1!Short
by ugurtash
BTCUSDT.1DIn my rigorous analysis of the BTC/USDT daily chart, I explore various technical dimensions that help in shaping an effective trading strategy. Current Market Position: The price of BTC/USDT is currently at $64,002, reflecting a 1.60% decrease in the latest session. This movement indicates significant volatility and necessitates an in-depth technical examination to predict future directions. Trend Analysis: BTC has shown some consolidation after a bullish run, evident from the trading range defined by several key resistance and support levels. The recent price behavior suggests a struggle between bears and bulls to establish control. Support and Resistance Levels: S1 at $58,923.16 and S2 at $53,398.13: These support levels are crucial. A break below S1 could indicate a bearish downturn towards S2, whereas stability or a bounce at S1 might suggest continued consolidation or an upward reversal. R1 at $67,571.03 and R2 at $74,056.94: R1 is the immediate resistance, with R2 providing a higher target in case of a bullish breakout. Surpassing R1 would potentially open the way for a test of R2, signaling strong bullish momentum. Technical Indicators: Relative Strength Index (RSI): The RSI at 58.25 shows that BTC is neither overbought nor oversold, hovering near the midpoint. This suggests a potential for either direction, depending on market forces and upcoming news or economic data. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but shows signs of converging. This could indicate a weakening bullish momentum or a potential bearish crossover if the trend continues. Strategic Trading Insights: Given the current market setup, my strategy would involve a balanced approach. I would closely monitor the price action near the support level of S1 ($58,923.16). Holding above this level might offer a buying opportunity, anticipating a potential test of R1 ($67,571.03). Conversely, a breakdown below S1 would warrant caution, potentially adjusting positions to prepare for a further slide towards S2. For entry, I'd consider a long position if there's a clear bounce from S1 with adequate volume support, setting a stop-loss just below S1 to mitigate risks. On the flip side, should the price break below S1 convincingly, I'd explore short positions, targeting S2 while maintaining a tight stop above the broken support. Conclusion: The BTC/USDT trading pair presents a complex scenario with significant levels at S1 and R1 likely to dictate the short-term market trend. Traders should stay alert to these pivotal levels and adjust their strategies based on solid technical signals and market dynamics. Implementing stringent risk management and keeping abreast of market news are imperative to navigate the anticipated volatility effectively.
Short
by MarsSignals
BTC Bearish Pattern in Weekly ChartAfter a long time, BTC has been dropped with weekly candle below bottom line of Pi cycle average line. This is a bearish pattern based on the history. Now resistance is around 65000. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDShort
by rukshan2102
25/6 update to yesterday update: BTC 9:00 UTC-4 18/6/2024 Short Hello everyone, looks like yesterday's call: "In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$." - comes to fruition once again. Extra 5% in the bag for those who stuck with trade at least partially. So what's Next? As we can see, after we arrive at our target 58.500$ we got immediate bounce back to the price I told you to keep an eye on. Reason Why I already mentioned several times in my previous posts. As for my next trade, I can still see odds in favor of continuation to Lower price targets - 58.500$ again and depending on How it will act around that price on a 1-5-15min chart determine if we can see further bleeding or we bounce and revisit Higher price. So for now, I'm of the opinion that if we reach around 61.375$ to 61.500$ again it would be still a great Short entry area. Having in mind that I will be using STOP LOSS around 61.850$ as protection in a case I'm WRONG and we go to the "bounce target" I mentioned yesterday which is around 63.8k$-64.2k$. If that happens, that would be my New Short Entry area. Good luck in your trading Joe
INDEX:BTCUSDShort
by cryptocapitaltrading